First quarter 2023

Hydro‑Québec posts net income of $2.2 billion for the first quarter of 2023

Hydro‑Québec posted net income of $2,231 million for the first three months of 2023, up $169 million for the same period last year. This increase is mainly the result of significant growth in revenue from sales outside Québec, which was, however, mitigated by a decrease in electricity sales in Québec due to a milder winter and higher operational expenditure.